MIRA INFORM REPORT

Report Date :

06.07.2013

IDENTIFICATION DETAILS

Name :	GEM GRANITES PRIVATE LIMITED
Registered Office :	No.76/ 78, Cathedral Road, Chennai – 600 086, Tamilnadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	27.11.1982
Com. Reg. No.:	18-009709
Capital Investment / Paid-up Capital :	Rs. 9.500 Millions
CIN No.: [Company Identification No.]	U28991TN1982PTC009709
TAN No.: [Tax Deduction & Collection Account No.]	CHEG02266F
Legal Form :	Private Limited Liability Company
Line of Business :	Supplier, Distributor, Manufacturer and Exporter of Granites.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 530000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The management of the company has failed to file its financials with the government department since 2011. An office executive when contacted denied to part any detail to us. As per the of 2011, the company has incurred loss. However, trade relations are reported as fair. Business is active. Payment terms are unknown. The company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED BY

Management no co-operative

LOCATIONS

Registered Office / Corporate Office :	No.76/ 78, Cathedral Road, Gopalapuram, Chennai – 600 086, Tamilnadu, India
Tel. No.:	91-44-28115190 (10 Lines) / 28110859
Fax No.:	91-44-28117338/ 28110859
E-Mail :	gemindia@vsnl.net accounts@gemgranites.com
Website :	www.gemgranites.com

DIRECTORS

AS ON 29.09.2011

Name :	Mr. Rangaswami Veeramani
Designation :	Director
Address :	305, Lloyds Road, Royapettah, Chennai – 600 014, Tamilnadu, India
Date of Birth/Age :	15.05.1942
Date of Appointment :	27.11.1982
DIN No.:	00032895

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28991TN1976PLC007159	FERRO MAGNETS AND ALLIED PRODUCTS LIMITED.	Director	03-06-79	03-06-79	-	Active	NO
2	U28991TN1982PTC009709	GEM GRANITES PRIVATE LIMITED	Director	27-11-82	27-11-82	-	Active	NO
3	U13206TN1986PTC012729	IMPERIAL GRANITES PRIVATE LIMITED	Director	24-02-86	24-02-86	-	Active	NO
4	U10101TN1988PTC015516	GEM GRAPHITES PRIVATE LIMITED	Director	24-03-88	24-03-88	-	Active	NO
5	U55101TN1990PLC019818	GEM HOLIDAY RESORTS LIMITED.	Director	25-10-90	25-10-90	-	Active	NO
6	U55101TN1992PTC022118	GEM STONE BEACH RESORTS PRIVATE LIMITED	Director	03-02-92	03-02-92	-	Active	NO
7	U14102MH1993PTC072589	MANICO RESOURCES PRIVATE LIMITED	Director	28-06-93	28-06-93	11-12-08	Active	NO
8	U24117TN1993PLC025754	GEM GLOBAL TRADE LIMITED	Director	18-09-93	18-09-93	-	Active	NO
9	U18209TN1987PLC014105	GEM LEATHERS LIMITED.	Director	01-12-93	01-12-93	13-06-11	Active	NO
10	L17111TN1990PLC019791	GEM SPINNERS INDIA LIMITED	Managing director	01-10-11	06-12-93	-	Active	NO
11	U14299TN1994PLC027592	STONE WONDERS (INDIA) LIMITED	Director	29-05-94	29-05-94	-	Active	NO
12	L93090TN1994PLC028578	SWELECT ENERGY SYSTEMS LIMITED	Director	01-02-95	01-02-95	02-04-12	Active	NO
13	U01119TN1997PLC037665	GEM AGRO INDUSTRIES LIMITED	Director	07-03-97	07-03-97	-	Active	NO
14	U01134TN1997PLC038016	SHIVA NEW TERRAIN AGRO LIMITED	Director	21-04-97	21-04-97	-	Strike off	NO
15	U40101TN1997PLC038012	GEM ENERGY INDUSTRY LIMITED	Director	21-04-97	21-04-97	-	Active	NO
16	U72300TN1997PLC037260	GEM SOFTWARE SOLUTIONS LIMITED	Director	15-07-98	15-07-98	05-11-08	Active	NO
17	U18104TN1999PTC043134	CELIA LEATHER PRIVATE LIMITED	Director	08-09-99	08-09-99	-	Active	NO
18	U72200TN2004PLC053758	KOENIGSTEIN SOFTECH LIMITED	Director	19-07-04	19-07-04	07-11-07	Active	NO
19	U73100TN2005PTC055180	GEM HERBAL HEALTH CARE PRIVATE LIMITED	Director	19-01-05	19-01-05	27-02-08	Strike off	NO
20	U24231TN2006PLC059612	GREEN HERBS INTERNATIONAL LIMITED	Director	25-04-06	25-04-06	-	Strike off	NO
21	U14102TN2007PTC062816	IMPERIAL TILES PRIVATE LIMITED	Director	22-03-07	22-03-07	-	Active	NO
22	U85110KA1995PLC017324	GEM SUGARS LIMITED	Director	30-03-07	30-03-07	-	Active	NO
23	U27310TN2007PTC064026	GET MINERALS AND COAL PRIVATE LIMITED	Director	20-06-07	20-06-07	-	Active	NO
24	U45200TN2008PTC066751	GEM EARTH TREASURES PRIVATE LIMITED	Director	07-03-08	07-03-08	-	Active	NO
25	U74999TN1910NPL002343	SOUTHERN INDIA CHAMBER OF COMMERCE AND INDUSTRY	Director	23-10-08	23-10-08	-	Active	NO
26	U45202KA2010PLC054504	BENDA INFRASTRUCTURES DEVELOPMENT LIMITED	Director	16-07-10	16-07-10	-	Active	NO
27	U14291TN2010PTC077014	GEM QUARTZ PRIVATE LIMITED	Director	16-08-10	16-08-10	-	Active	NO
28	U35923TN1979PTC007815	BALAJI BONDED BRAKE LININGS PRIVATE LIMITED	Director	30-09-11	03-01-11	-	Active	NO
29	U74220TN2011PTC080836	INDO RUSSIAN TECHNO TRADE PRIVATE LIMITED	Managing director	30-05-11	30-05-11	-	Active	NO

Name :	Mr. Salem Rangasamy Asaithambi
Designation :	Director
Address :	78, Cathedral Road, Chennai – 600 086, Tamilnadu, India
Date of Birth/Age :	01.12.1948
Date of Appointment :	27.05.1998
DIN No.:	00032998

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U35923TN1979PTC007815	BALAJI BONDED BRAKE LININGS PRIVATE LIMITED	Director	02-11-82	02-11-82	-	Active	NO
2	U13206TN1986PTC012729	IMPERIAL GRANITES PRIVATE LIMITED	Director	06-01-88	06-01-88	-	Active	NO
3	U55101TN1990PLC019818	GEM HOLIDAY RESORTS LIMITED.	Managing director	30-08-91	30-08-91	-	Active	NO
4	U55101TN1992PTC022118	GEM STONE BEACH RESORTS PRIVATE LIMITED	Director	03-02-92	03-02-92	-	Active	NO
5	U10101TN1988PTC015516	GEM GRAPHITES PRIVATE LIMITED	Director	06-10-92	06-10-92	-	Active	NO
6	U24117TN1993PLC025754	GEM GLOBAL TRADE LIMITED	Director	18-09-93	18-09-93	-	Active	NO
7	L17111TN1990PLC019791	GEM SPINNERS INDIA LIMITED	Director	30-09-07	06-12-93	14-11-12	Active	NO
8	U14299TN1994PLC027592	STONE WONDERS (INDIA) LTD	Director	29-05-94	29-05-94	-	Active	NO
9	U72300TN1997PLC037260	GEM SOFTWARE SOLUTIONS LIMITED	Director	03-01-97	03-01-97	07-01-09	Active	NO
10	U01119TN1997PLC037665	GEM AGRO INDUSTRIES LIMITED	Director	07-03-97	07-03-97	-	Active	NO
11	U18209TN1987PLC014105	GEM LEATHERS LIMITED	Director	24-03-97	24-03-97	-	Active	NO
12	U01134TN1997PLC038016	SHIVA NEW TERRAIN AGRO LIMITED	Director	21-04-97	21-04-97	-	Strike off	NO
13	U40101TN1997PLC038012	GEM ENERGY INDUSTRY LIMITED	Director	21-04-97	21-04-97	-	Active	NO
14	U28991TN1982PTC009709	GEM GRANITES PRIVATE LIMITED	Director	27-05-98	27-05-98	-	Active	NO
15	U18104TN1999PTC043134	CELIA LEATHER PRIVATE LIMITED	Director	08-09-99	08-09-99	-	Active	NO
16	U72200TN2004PLC053758	KOENIGSTEIN SOFTECH LIMITED	Director	19-07-04	19-07-04	21-12-07	Active	NO
17	U73100TN2005PTC055180	GEM HERBAL HEALTH CARE PRIVATE LIMITED	Director	19-01-05	19-01-05	27-02-08	Strike off	NO
18	U24231TN2006PLC059612	GREEN HERBS INTERNATIONAL LIMITED	Director	25-04-06	25-04-06	-	Strike off	NO
19	U14102TN2007PTC062816	IMPERIAL TILES PRIVATE LIMITED	Director	22-03-07	22-03-07	-	Active	NO
20	U85110KA1995PLC017324	GEM SUGARS LIMITED	Director	30-03-07	30-03-07	-	Active	NO
21	U45200TN2008PTC066751	GEM EARTH TREASURES PRIVATE LIMITED	Director	07-03-08	07-03-08	-	Active	NO

Name :	Mr. Rangaswamy Sekar
Designation :	Director
Address :	Hoodi Apartments, 120, Cunningham Road, Bangalore – 560 052, Karnataka, India
Date of Birth/Age :	04.03.1952
Date of Appointment :	27.11.1982
DIN No.:	00097891

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28991TN1976PLC007159	FERRO MAGNETS AND ALLIED PRODUCTS LIMITED.	Director	28-08-77	28-08-77	-	Active	NO
2	U28991TN1982PTC009709	GEM GRANITES PRIVATE LIMITED	Director	27-11-82	27-11-82	-	Active	NO
3	U65910KA1988PTC008913	BADRA ADVANCING PRIVATE LIMITED	Director	15-02-88	15-02-88	-	Active	NO
4	U10101TN1988PTC015516	GEM GRAPHITES PRIVATE LIMITED	Director	24-03-88	24-03-88	27-07-07	Active	NO
5	U14102KA1990PTC010731	KONKAN MINES AND MINERALS PRIVATE LIMITED	Director	12-02-90	12-02-90	-	Active	NO
6	U55101TN1992PTC022118	GEM STONE BEACH RESORTS PRIVATE LIMITED	Director	03-02-92	03-02-92	-	Active	NO
7	U45201KA1992PTC013417	GEM SUPER STRUCTURES PRIVATE LIMITED	Director	07-08-92	07-08-92	-	Active	NO
8	U01131KA1992PTC013761	GEM PLANTATIONS AND AGRO PRODUCTS PRIVATE LIMITED	Director	04-12-92	04-12-92	-	Active	NO
9	U60100KA1993PTC014218	CHALUKYA TRANSPORT PRIVATE LIMITED	Director	15-04-93	15-04-93	-	Active	NO
10	U24117TN1993PLC025754	GEM GLOBAL TRADE LIMITED	Director	18-09-93	18-09-93	27-07-07	Active	NO
11	U14299TN1994PLC027592	STONE WONDERS (INDIA) LIMITED	Director	29-05-94	29-05-94	-	Active	NO
12	U01400KA1994PTC015922	SAGAP PLANTATIONS AND FARMS PRIVATE LIMITED	Director	13-07-94	13-07-94	-	Active	NO
13	U85110KA1995PLC016993	MOUNT VICTORIA GRANITES LIMITED	Director	17-01-95	17-01-95	-	Active	NO
14	U85110KA1995PLC017324	GEM SUGARS LIMITED	Managing director	01-10-11	06-03-95	-	Active	NO
15	U05190KA1995PTC019237	DECCAN TRADING COMPANY PRIVATE LIMITED	Director	22-11-95	22-11-95	-	Active	NO
16	U85110KA1996PTC020077	BANASHANKARI SUGARS PRIVATE LIMITED	Director	18-03-96	18-03-96	-	Active	NO
17	U14102KA1996PTC021471	KABINI MINERALS PRIVATE LIMITED	Director	06-12-96	06-12-96	-	Active	NO
18	U01119TN1997PLC037665	GEM AGRO INDUSTRIES LIMITED	Director	25-07-02	25-07-02	-	Active	NO
19	U13100KA2007PTC042737	NUVO MINERAL PRIVATE LIMITED	Director	08-05-07	08-05-07	-	Active	NO

Name :	Mr. Salem Rangasamy Kumar
Designation :	Director
Address :	4-B, Jeypore Terrace, 219, Lloyds Road, Chennai – 600 086, Tamilnadu, India
Date of Birth/Age :	02.04.1954
Date of Appointment :	27.11.1982
DIN No.:	00244533

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28991TN1982PTC009709	GEM GRANITES PRIVATE LIMITED	Director	27-11-82	27-11-82	-	Active	NO
2	U13206TN1986PTC012729	IMPERIAL GRANITES PRIVATE LIMITED	Director	06-01-88	06-01-88	-	Active	NO
3	U55101TN1990PLC019818	GEM HOLIDAY RESORTS LIMITED.	Director	30-08-91	30-08-91	-	Active	NO
4	U55101TN1992PTC022118	GEM STONE BEACH RESORTS PRIVATE LIMITED	Director	03-02-92	03-02-92	-	Active	NO
5	U01131KA1992PTC013761	GEM PLANTATIONS AND AGRO PRODUCTS PRIVATE LIMITED	Director	04-12-92	04-12-92	-	Active	NO
6	U14102MH1993PTC072589	MANICO RESOURCES PRIVATE LIMITED	Director	28-06-93	28-06-93	15-02-12	Active	NO
7	U24117TN1993PLC025754	GEM GLOBAL TRADE LIMITED	Director	18-09-93	18-09-93	-	Active	NO
8	L17111TN1990PLC019791	GEM SPINNERS INDIA LIMITED	Director	06-12-93	06-12-93	31-10-08	Active	NO
9	U01400KA1994PTC015922	SAGAP PLANTATIONS AND FARMS PRIVATE LIMITED	Director	13-07-94	13-07-94	-	Active	NO
10	U14299TN1994PLC027592	STONE WONDERS (INDIA) LTD	Director	02-09-94	02-09-94	-	Active	NO
11	U40101TN1997PLC038012	GEM ENERGY INDUSTRY LIMITED	Director	21-04-97	21-04-97	31-12-09	Active	NO
12	U18209TN1987PLC014105	GEM LEATHERS LIMITED	Director	01-12-97	01-12-97	-	Active	NO
13	U14102TN1999PTC043133	RAJAM GRANITES PRIVATE LIMITED	Director	08-09-99	08-09-99	-	Active	NO
14	U18104TN1999PTC043134	CELIA LEATHER PRIVATE LIMITED	Director	08-09-99	08-09-99	-	Active	NO
15	U14102TN2007PTC062816	IMPERIAL TILES PRIVATE LIMITED	Director	24-09-10	26-12-09	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2011

Names of Shareholders	No. of Shares
Rangaswami Veeramani	287000
Rangaswamy Sekar	217700
Salem Rangasamy Kumar	217700
Salem Rangasamy Asaithambi	227600
TOTAL	950000

AS ON 29.09.2011

Equity Shares Break Up	Percentage of Holding
Directors or relatives of Directors	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Supplier, Distributor, Manufacturer and Exporter of Granites.

PRODUCTION STATUS (AS ON : 31.03.2011)

Particulars	Unit	Licensed Capacity	Actual Production
Dimensional Granite Blocks	CBM	1200 CBM per annum	2148.6010
Granite Slabs	SQM	50000 SQM per annum	25951.880

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Indian Overseas Bank, Commercial and Institutional Credit Branch, 98A, Dr. Radhakrishnan Salai, Mylapore, Chennai – 600 004, Tamilnadu – 600 004, Tamilnadu, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
From Indian Overseas Bank
Term Loan	22.900	39.814
Packing Credit	49.291	49.627
Bill Discount Account	3.970	8.741
(Hypothecation of Stock, Machinery and Book Debts)
TOTAL	76.161	98.182

Banking Relations :	--
Auditors :
Name :	Vijai Sarthy and Company Chartered Accountants
Address :	New No.39 (Old No.18 A), Rajamannar Street, T. Nagar, Chennai – 600 017, Tamilnadu, India
Tel. No.:	91-44-28152948/ 28153830
E-Mail :	vijaisarathy.ca@gmail.com
PAN No.:	AAAFV5754A

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
950000	Equity Shares	Rs.10/- each	Rs. 9.500 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		9.500	9.500	9.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		124.631	125.028	118.653
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		134.131	134.528	128.153
LOAN FUNDS
1] Secured Loans		76.161	98.182	118.363
2] Unsecured Loans		2.971	2.204	0.858
TOTAL BORROWING		79.132	100.386	119.221
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		213.263	234.914	247.374
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		107.554	118.936	124.642
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.504	0.493	0.493
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	186.904	163.178	135.285
	Sundry Debtors	24.156	39.761	31.273
	Cash & Bank Balances	1.712	1.813	0.844
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	38.520	32.137	61.000
Total Current Assets		251.292	236.889	228.402
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors		108.004	70.078
	Other Current Liabilities	138.068	7.142	5.334
	Provisions	8.019	6.258	30.751
Total Current Liabilities		146.087	121.404	106.163
Net Current Assets		105.205	115.485	122.239
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		213.263	234.914	247.374

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	145.571	195.593	176.588
		Other Income	NA	0.424	14.825
		TOTAL (A)	NA	196.017	191.413
Less	EXPENSES
		Office Expenses	NA	158.718	150.832
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	NA	158.718	150.832
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		24.193	37.299	40.581
Less	FINANCIAL EXPENSES (D)		10.679	12.789	16.053
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		13.514	24.510	24.528
Less/ Add	DEPRECIATION/ AMORTISATION (F)		13.543	17.019	11.651
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(0.029)	7.491	12.877
Less	TAX (H)		0.368	1.117	0.452
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(0.397)	6.374	12.425
	EARNINGS IN FOREIGN CURRENCY
		Realized	6.184	120.167	142.187
		Unrealized	111.213	22.428	5.215
	TOTAL EARNINGS		117.397	142.595	147.402
	IMPORTS
		Stores & Spares	6.152	18.908	27.694
	TOTAL IMPORTS		6.152	18.908	27.694
	Earnings / (Loss) Per Share (Rs.)		(0.42)	6.71	13.08

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	3.25	6.49
Net Profit Margin (PBT/Sales)	(%)	(0.02)	3.83	7.29
Return on Total Assets (PBT/Total Assets}	(%)	(0.01)	2.11	3.65
Return on Investment (ROI) (PBT/Networth)		0.00	0.06	0.10
Debt Equity Ratio (Total Debt /Networth)		0.59	0.75	0.93
Current Ratio (Current Asset/Current Liability)		1.72	1.95	2.15

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	Yes
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
From Directors	1.972	0.617
Sundaram Finance Limited	0.999	1.587
TOTAL	2.971	2.204

FIXED ASSETS

• Land
• Compressor
• Flat – Land
• Flat – Building
• Computer
• Shed Under Construction
• Quarry – Building
• Explosive Magazine
• Furniture and Fixtures
• Diesel Pump
• Diesel Genset
• Drilling Machine
• Electrical Equipments
• Office Equipments
• Vehicles
• Colour Television
• Air Conditioner
• Kirlosker Brand Motor
• Cellular Phone
• Building
• Factory Building
• Plant and Machinery
• EOT Crane
• TOPAZ – Factory Machinery
• Gangsaw Polishing Machine
• Kriloskar Transformer
• Gantry Crane

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 60.33
UK Pound	1	Rs. 90.78
Euro	1	Rs. 77.80

INFORMATION DETAILS

Information Gathered by :	PLV
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.